November 29, 2016 - By Dolores Ford
The President & COO of Las Vegas Sands Corp, Robert Goldstein, has just sold – 169,111 shares of the company he’s managing and leading – coming to a cumulative transaction value of $10,627,011 U.S. Dollars (this based on avg share price of $62.8). And, It’s sure Robert’s deal isn’t going to remain unseen as he right now is holding 127,057 shares – ( 0.02% of Las Vegas Sands Corp’s Market Cap ). The transaction was unveiled in a SEC document on 29-11-2016.
Out of 15 analysts covering Las Vegas Sands (NYSE:LVS), 8 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 53% are positive. $65 is the highest target while $42 is the lowest. The $51.62 average target is -17.01% below today’s ($62.2) stock price. Las Vegas Sands has been the topic of 32 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was downgraded by Vetr on Thursday, August 6 to “Hold”. The firm has “Hold” rating by Standpoint Research given on Thursday, March 17. Gabelli initiated the stock with “Buy” rating in Tuesday, October 27 report. As per Wednesday, August 12, the company rating was upgraded by Vetr. The stock has “Buy” rating given by Argus Research on Wednesday, September 14. As per Wednesday, October 19, the company rating was maintained by Deutsche Bank. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, July 23 report. The firm has “Buy” rating by Stifel Nicolaus given on Friday, November 4. As per Thursday, April 21, the company rating was maintained by Barclays Capital. The rating was maintained by Susquehanna on Tuesday, January 26 with “Positive”.
Insitutional Activity: The institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.03, from 1.1 in 2016Q1. The ratio improved, as 72 funds sold all Las Vegas Sands Corp. shares owned while 119 reduced positions. 42 funds bought stakes while 168 increased positions. They now own 297.43 million shares or 2.96% less from 306.52 million shares in 2016Q1.
The California-based First Foundation Advisors has invested 1.25% in Las Vegas Sands Corp. (NYSE:LVS). Moreover, Blackrock Lc has 0.04% invested in Las Vegas Sands Corp. (NYSE:LVS) for 860,252 shares. Advisers has 0.1% invested in the company for 233,510 shares. Rmb Capital Limited Liability Corp has 0.04% invested in the company for 19,077 shares. Moreover, Andra Ap has 0.08% invested in Las Vegas Sands Corp. (NYSE:LVS) for 69,600 shares. Cap Management Corp Va accumulated 2.6% or 154,322 shares. Moreover, Alps Advsr has 0% invested in Las Vegas Sands Corp. (NYSE:LVS) for 7,656 shares. Moreover, Twin Tree Mngmt Limited Partnership has 0.07% invested in Las Vegas Sands Corp. (NYSE:LVS) for 109,285 shares. Pictet Asset Mgmt Ltd holds 143,000 shares or 0.03% of its portfolio. Dynamic Advsrs Solutions Ltd Liability Corp owns 8,739 shares or 0.15% of their US portfolio. Agran Libbie holds 0.19% or 17,165 shares in its portfolio. Cambridge Advisors has 0.02% invested in the company for 21,949 shares. Parallax Volatility Advisers L P has 0.01% invested in the company for 64,356 shares. The California-based Guardian Trust has invested 0.65% in Las Vegas Sands Corp. (NYSE:LVS). Wolverine Asset Ltd Company has 0.03% invested in the company for 46,064 shares.
About 2.71M shares traded hands. Las Vegas Sands Corp. (NYSE:LVS) has risen 35.68% since April 26, 2016 and is uptrending. It has outperformed by 30.42% the S&P500.
Las Vegas Sands Corp. is a developer of destination properties that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The company has a market cap of $49.17 billion. The Firm owns and operates integrated resorts in Asia and the United States. It has a 30.37 P/E ratio. The Company’s principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States.
According to Zacks Investment Research, “Las Vegas Sands Corp. is a hotel, gaming, and retail mall company headquartered in Las Vegas, Nevada. The company owns The Venetian Resort Hotel Casino, the Sands Expo and Convention Center, Venetian Interactive, an internet based venture, and Venetian Macao Limited, a developer of multiple casino hotel resort properties in The People’s Republic of China’s Special Administrative Region of Macao.”
Analysts await Las Vegas Sands Corp. (NYSE:LVS) to report earnings on January, 25. They expect $0.64 EPS, up 3.23% or $0.02 from last year’s $0.62 per share. LVS’s profit will be $505.93 million for 24.30 P/E if the $0.64 EPS becomes a reality. After $0.72 actual EPS reported by Las Vegas Sands Corp. for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.
More news for Las Vegas Sands Corp. (NYSE:LVS) were recently published by: Wsj.com, which released: “Las Vegas Sands Reports Improving Results” on November 03, 2016. Nasdaq.com‘s article titled: “Las Vegas Sands (LVS) Hits 52-Week High on Macau Revival” and published on November 29, 2016 is yet another important article.
Las Vegas Sands Corp., incorporated on August 9, 2004, is a developer of destination properties (integrated resorts) that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Firm owns and operates integrated resorts in Asia and the United States. The Company’s principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States. In Macao, the Company’s divisions are The Venetian Macao, Sands Cotai Central, Four Seasons Macao, Sands Macao and Other Asia (comprises the Company’s ferry activities and various other operations). In Singapore, the Company’s segment is Marina Bay Sands. In the United States, the Company’s divisions are The Venetian Las Vegas, which includes the Sands Expo Center and The Palazzo, and Sands Bethlehem. The Paiza Club located at the Company’s properties is an invitation-only club, which offers services and amenities, including luxury accommodations, restaurants, lounges and private gaming salons. The Firm also offers players club loyalty programs at its properties, which provide access to rewards, privileges and members-only events.
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By Dolores Ford